Lionsgate Entertainment (NYSE:LION - Free Report) had its target price trimmed by Rosenblatt Securities from $13.00 to $9.00 in a research note published on Wednesday morning,Benzinga reports. The firm currently has a buy rating on the stock.
LION has been the subject of a number of other research reports. TD Cowen started coverage on Lionsgate Entertainment in a research report on Tuesday. They issued a "hold" rating and a $8.00 target price for the company. JPMorgan Chase & Co. upgraded Lionsgate Entertainment from an "underweight" rating to a "neutral" rating and lifted their price objective for the company from $8.00 to $9.00 in a report on Monday, March 31st. Loop Capital started coverage on Lionsgate Entertainment in a research note on Wednesday. They set a "hold" rating and a $8.00 price target on the stock. Raymond James began coverage on Lionsgate Entertainment in a report on Tuesday, May 20th. They issued an "outperform" rating and a $10.00 price target for the company. Finally, Wall Street Zen upgraded Lionsgate Entertainment from a "hold" rating to a "buy" rating in a research report on Friday, May 2nd. Four investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Lionsgate Entertainment presently has a consensus rating of "Moderate Buy" and a consensus price target of $8.86.
Read Our Latest Analysis on Lionsgate Entertainment
Lionsgate Entertainment Stock Down 3.6%
LION traded down $0.24 during trading on Wednesday, hitting $6.46. 4,869,039 shares of the company traded hands, compared to its average volume of 2,687,007. The firm has a market cap of $1.86 billion, a P/E ratio of -5.21, a price-to-earnings-growth ratio of 13.47 and a beta of 1.07. The stock's fifty day moving average is $7.60 and its 200 day moving average is $8.33. Lionsgate Entertainment has a one year low of $6.40 and a one year high of $8.50.
Lionsgate Entertainment (NYSE:LION - Get Free Report) last announced its earnings results on Thursday, May 22nd. The company reported $0.17 earnings per share for the quarter, missing analysts' consensus estimates of $0.50 by ($0.33). The company had revenue of $1.07 billion during the quarter, compared to analysts' expectations of $1.19 billion. Lionsgate Entertainment had a negative net margin of 7.34% and a negative return on equity of 57.26%. On average, equities research analysts forecast that Lionsgate Entertainment will post 0.08 EPS for the current fiscal year.
Hedge Funds Weigh In On Lionsgate Entertainment
Several institutional investors and hedge funds have recently made changes to their positions in the business. Millennium Management LLC increased its holdings in shares of Lionsgate Entertainment by 72.6% during the first quarter. Millennium Management LLC now owns 1,991,515 shares of the company's stock valued at $14,877,000 after purchasing an additional 837,774 shares during the period. Anson Funds Management LP raised its stake in Lionsgate Entertainment by 11.9% during the first quarter. Anson Funds Management LP now owns 3,538,500 shares of the company's stock worth $26,433,000 after acquiring an additional 375,409 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Lionsgate Entertainment by 198.5% during the first quarter. Goldman Sachs Group Inc. now owns 414,795 shares of the company's stock worth $3,099,000 after purchasing an additional 275,839 shares during the last quarter. Alpine Global Management LLC grew its holdings in shares of Lionsgate Entertainment by 570.9% during the first quarter. Alpine Global Management LLC now owns 221,753 shares of the company's stock worth $1,656,000 after purchasing an additional 188,700 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in Lionsgate Entertainment in the first quarter valued at about $825,000. 34.05% of the stock is currently owned by hedge funds and other institutional investors.
Lionsgate Entertainment Company Profile
(
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Lionsgate Studios Corp. engages in the provision of motion picture and studio operations that bring a varied portfolio of entertainment to consumers. The company is headquartered in Santa Monica, CA.
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